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Wednesday, May 5, 2010

Wednesday, during regular trading hours, there were many stocks that continued to break out to the upside. Below is a list of stocks that are worth watching for May 6, 2010. Also, check out some of the biggest stock gainers of the Day. You can also find previous stocks to buy reports - Right Here

Pacific Capital Bancorp (PCBC) - Shares of Pacific Capital Bancorp soared for the second straight day on Wednesday. Keep an eye on $2.62, I think the stock can run if that price is broken.

Power-One Inc. (PWER) - Shares of Power-One Inc. gapped down huge at the open on Wednesday so I ended up buying the stock. The stock then surged and I ended up selling for a nice profit. I'd be a buyer again below $7.40. $8.00 should be a nice support level.

Keryx Biopharmaceuticals Inc. (KERX) - Shares of Keryx Biopharmaceuticals Inc. are rallying in wake of the Dendreon news. Keryx Biopharmaceuticals Inc. has a colorectal cancer drug which was given fast track status by the FDA. The stock finally sold off on Wednesday.
As long as $5.80 is held, I like this pullback.

Netflix, Inc. (NFLX) - Shares of Netflix, Inc. hit a low of $96.00 on Wednesday. If Netflix closes below $97.80, I think we will finally get another shot to buy this stock between $90-$95.

Caterpillar Inc. (CAT) - Shares of Caterpillar Inc. dropped below $65 on Wednesday. This was a solid buying opportunity and will continue to be below $65.

American Intl Group, Inc. (AIG) - Shares of American Intl Group, Inc. broke down below $37 on Wednesday which provided a great buying opportunity for a trade. I continue to like pullbacks below this level.

Sirius XM Radio (SIRI) - Shares of Sirius XM Radio continue to take a hit after releasing earnings on Tuesday. The stock hit my $1.25 target on Monday but I still think there is some room on the upside. Resistance is located at $1.25 going forward.

Ambac Financial Group, Inc. (ABK) - Shares of Ambac Financial Group, Inc. are trading around $1.50 and seem to be basing here. Ambac will not get delisted which is positive for the short term. Resistance is now located at $1.63.

Cell Therapeutics, Inc. (CTIC) - Shares of Cell Therapeutics, Inc. are now trading below the 10 day moving average located at $0.62. Right now, I'd be avoiding Cell Therapeutics until it breaks above $0.70.

Advanced Micro Devices Inc. (AMD) - Shares of Advanced Micro Devices Inc are now back around the $8.75 support level. I view this as a buying opportunity, I think $9.25-$9.50 is right around the corner.

Research In Motion Ltd. (RIMM) - I continue to like pullbacks below $70 as a long term buy.

Direxion Daily Financial Bear 3X Shares (FAZ) Daily Finan. Bull 3X Shs(ETF)(FAS) - FAS has a stock split on Wednesday and is now more attractive for more investors. Although it is all about percentages, people are more likely to buy a stock if the price is lower. I would view any pullback of FAS below $30 as a solid buying opportunity.

Citigroup Inc (NYSE:C) is trading flat in afterhours tonight after the stock closed slightly below the 50 day moving average. Citigroup Inc should find some support between $4-$4.20 for the time being. I started a long term position today and plan to add on a break below $3.90 or a break above $4.36 which was Tuesday's high.

The Dow Jones Industrial Average closed at 10867on 5/5/10, as the stock market dropped again on fears that the Greece debt crisis could spread. The Dow Jones Futures were down about 30 points in points in pre market but was down around 100 right after the open. We then saw some buying come into the stock market as the major averages went near the flat line by lunch time. The selling then came back into the market and we hit fresh lows in the afternoon. The fear is alive and well. Oil is down 8% in the last few days alone! Keep an eye on 1150 on the S&P 500. This level must hold on a closing basis or we could go down to 1100-1120. The best thing to do is to wait until the S&P 500 closes above 1180 and then buy.

These volatile markets offer many great trading opportunities. I usually look for a down day followed by a horrible open the next day. I usually have a list of stocks I want to buy and if they hit my price points, I will pull the trigger. If we get a nice bounce like we did this morning, I will then sell into the rally.

Wednesday, during regular trading hours, there were many stocks that continued to break out to the upside. Below is a list of stocks that are worth watching for May 6, 2010. Also, check out some of the biggest stock gainers of the Day. You can also find previous stocks to buy reports - Right Here

Pacific Capital Bancorp (PCBC) - Shares of Pacific Capital Bancorp soared for the second straight day on Wednesday. Keep an eye on $2.62, I think the stock can run if that price is broken.

Power-One Inc. (PWER) - Shares of Power-One Inc. gapped down huge at the open on Wednesday so I ended up buying the stock. The stock then surged and I ended up selling for a nice profit. I'd be a buyer again below $7.40. $8.00 should be a nice support level.

Keryx Biopharmaceuticals Inc. (KERX) - Shares of Keryx Biopharmaceuticals Inc. are rallying in wake of the Dendreon news. Keryx Biopharmaceuticals Inc. has a colorectal cancer drug which was given fast track status by the FDA. The stock finally sold off on Wednesday.
As long as $5.80 is held, I like this pullback.

Netflix, Inc. (NFLX) - Shares of Netflix, Inc. hit a low of $96.00 on Wednesday. If Netflix closes below $97.80, I think we will finally get another shot to buy this stock between $90-$95.

Caterpillar Inc. (CAT) - Shares of Caterpillar Inc. dropped below $65 on Wednesday. This was a solid buying opportunity and will continue to be below $65.

American Intl Group, Inc. (AIG) - Shares of American Intl Group, Inc. broke down below $37 on Wednesday which provided a great buying opportunity for a trade. I continue to like pullbacks below this level.

Sirius XM Radio (SIRI) - Shares of Sirius XM Radio continue to take a hit after releasing earnings on Tuesday. The stock hit my $1.25 target on Monday but I still think there is some room on the upside. Resistance is located at $1.25 going forward.

Ambac Financial Group, Inc. (ABK) - Shares of Ambac Financial Group, Inc. are trading around $1.50 and seem to be basing here. Ambac will not get delisted which is positive for the short term. Resistance is now located at $1.63.

Cell Therapeutics, Inc. (CTIC) - Shares of Cell Therapeutics, Inc. are now trading below the 10 day moving average located at $0.62. Right now, I'd be avoiding Cell Therapeutics until it breaks above $0.70.

Advanced Micro Devices Inc. (AMD) - Shares of Advanced Micro Devices Inc are now back around the $8.75 support level. I view this as a buying opportunity, I think $9.25-$9.50 is right around the corner.

Research In Motion Ltd. (RIMM) - I continue to like pullbacks below $70 as a long term buy.

Direxion Daily Financial Bear 3X Shares (FAZ) Daily Finan. Bull 3X Shs(ETF)(FAS) - FAS has a stock split on Wednesday and is now more attractive for more investors. Although it is all about percentages, people are more likely to buy a stock if the price is lower. I would view any pullback of FAS below $30 as a solid buying opportunity.

The following is a list of the Most Popular OTC, OTCBB, Pink Sheets Stocks going into 5/6/10. Topping the list today is ACT Clean Technologies, Inc. This list shows you which stocks traders and investors consider " Hot " which makes for great trading. These are the stocks that I will be monitoring today and tomorrow for daytrading opportunities.

This list is my favorite way to track potential breakout OTC stocks and is not produced anywhere else! It takes into account percentage gainers or losers, volume, and how active the stock has been lately. The higher the rank, the closer I am watching. Check out my Previous Reports

May 5, 2010 - Below is a list of the Top 20 biggest losing stocks today that have decent volume. These stocks are usually going down on bad news. I usually throw these on my watch list and monitor them for a bounce or a potential short trade.

Today, May 5, 2010, there are several stock gainers that are breaking out with some nice momentum. If you are looking to day trade today, you might want to check out the following stocks. Check out some of today's biggest gainers and the Top Stocks for 2010. You can find my Past, Current, and Future Stock Gainers Report Right Here

Citigroup Inc (NYSE:C) stock dropped to around $4.04 this morning at the open so I took the opportunity to buy at $4.06. Citigroup Inc has solid support around $4.00 and with the awesome earnings report we just saw, I feel confident about my buy right above $4.00. If we fall below $3.90, I will place another buy.

Today, 5/5/10, there are a few penny stock gainers breaking out to the upside. Be sure to check out the Top 2010 Penny Stock Gainers on the NYSE, Nasdaq, and AMEX. We also list OTC and Pink Sheets stock gainers below. You can find ALL Penny Stock Reports Here

Bank of America Corp (BAC) closed below the 50 day moving average on Tuesday. Bank of America has support located at $17.41 but then nothing until around $17. I view anything below $18 as a strong buy for the long term so I would be a buyer down here. The stock won't start a new uptrend until it can close above the 10 day moving average and actually hold it.

Ford (NYSE:F) fell below $12.90 on Tuesday which now sets up a possible retest of the $12.34 low from April. As long as Ford holds $12.34 on a closing basis, I rate the stock as a buy here in the short term. For less risk, wait until Ford closes back above It's 10 day moving average which is now down to $13.66.

Apple Inc (AAPL) closed below the 50 day moving average on Tuesday which is bearish for the short term. Apple Inc has support located at $256.41, but a close below this level would be another bearish indicator. Long term, If we got a pullback to the 50 day moving average which is around $235 and rising, I'd be a buyer. I view anything under $245 as a strong buy!

The BDI data is critical for how the DryBulk Shipping Stocks such as DryShips Inc ( DRYS ), Excel Maritime Carriers Ltd (EXM), Diana Shipping Inc ( DSX ), Genco Shipping & Trading Limited ( GNK ), TBS International Limited ( TBSI ), Navios Maritime ( NM ), Eagle Bulk Shipping Inc. ( EGLE ), Paragon Shipping Inc. ( PRGN ), Star Bulk Carriers Corp. ( SBLK ), and OceanFreight Inc ( OCNF ) will trade during the day. As you probably know, the Dry Bulk Shipping index can tell you a lot about the state of the World Economy. When Bulk Shipping Rates are at all time highs, the World Economy is outstanding. When Bulk Shipping Rates are as low as they have been lately, it signifies that the world trade has come to a screeching halt
http://www.dowjonesclose.com/bdi.html

Tuesday, during regular trading hours, there were many stocks that continued to break out to the upside. Below is a list of stocks that are worth watching for May 5, 2010. Also, check out some of the biggest stock gainers of the Day. You can also find previous stocks to buy reports - Right Here

Power-One Inc. (PWER) - Shares of Power-One Inc. hit resistance at $9.00 on Monday and are back near $8.00. If we see a plunge below $8 on Wednesday, I will take a small trading long position again.

Keryx Biopharmaceuticals Inc. (KERX) - Shares of Keryx Biopharmaceuticals Inc. are rallying in wake of the Dendreon news. Keryx Biopharmaceuticals Inc. has a colorectal cancer drug which was given fast track status by the FDA. Despite the Nasdaq down 70 points, KERX hit a new 52 week high and was in the green.

Netflix, Inc. (NFLX) - Shares of Netflix, Inc. continue to hold the previous low of $97.80. If Netflix breaks down and closes below $97.80, I think we will finally get another shot to buy this stock between $90-$95.

Caterpillar Inc. (CAT) - Shares of Caterpillar Inc. dropped below $67 on Tuesday. The next major support level is located at $65 which would be a strong buy.

American Intl Group, Inc. (AIG) - Shares of American Intl Group, Inc. continue to trade around $40. I like pullbacks below $37. Short term resistance is located at $40.16.

Sirius XM Radio (SIRI) - Shares of Sirius XM Radio took a hit after releasing earnings on Tuesday. The stock hit my $1.25 target on Monday but I still think there is some room on the upside. Resistance is located at $1.25 going forward.

Ambac Financial Group, Inc. (ABK) - Shares of Ambac Financial Group, Inc. are trading around $1.50 just a day after the stock soared through the high of the day due to the delisting news. Ambac will not get delisted which is positive for the short term. Resistance is now located at $1.63.

Cell Therapeutics, Inc. (CTIC) - Shares of Cell Therapeutics, Inc. are now trading below the 10 day moving average located at $0.62. Right now, I'd be avoiding Cell Therapeutics until it breaks above $0.70.

Advanced Micro Devices Inc. (AMD) - Shares of Advanced Micro Devices Inc are now back around the $8.75 support level. I view this as a buying opportunity, I think $9.25-$9.50 is right around the corner.

Research In Motion Ltd. (RIMM) - I continue to like pullbacks below $70 as a long term buy.

Direxion Daily Financial Bear 3X Shares (FAZ) Daily Finan. Bull 3X Shs(ETF)(FAS) - FAS pulled back below $100 finally which could set up more weakness to come over the next few days. I like FAS below $100 for a trade and for the long term. The next major support level is located at $96.25 which is the 50 day moving average. These numbers will be adjusted due to the stock split.

Tuesday, during regular trading hours, there were many stocks that continued to break out to the upside. Below is a list of stocks that are worth watching for May 5, 2010. Also, check out some of the biggest stock gainers of the Day. You can also find previous stocks to buy reports - Right Here

Power-One Inc. (PWER) - Shares of Power-One Inc. hit resistance at $9.00 on Monday and are back near $8.00. If we see a plunge below $8 on Wednesday, I will take a small trading long position again.

Keryx Biopharmaceuticals Inc. (KERX) - Shares of Keryx Biopharmaceuticals Inc. are rallying in wake of the Dendreon news. Keryx Biopharmaceuticals Inc. has a colorectal cancer drug which was given fast track status by the FDA. Despite the Nasdaq down 70 points, KERX hit a new 52 week high and was in the green.

Netflix, Inc. (NFLX) - Shares of Netflix, Inc. continue to hold the previous low of $97.80. If Netflix breaks down and closes below $97.80, I think we will finally get another shot to buy this stock between $90-$95.

Caterpillar Inc. (CAT) - Shares of Caterpillar Inc. dropped below $67 on Tuesday. The next major support level is located at $65 which would be a strong buy.

American Intl Group, Inc. (AIG) - Shares of American Intl Group, Inc. continue to trade around $40. I like pullbacks below $37. Short term resistance is located at $40.16.

Sirius XM Radio (SIRI) - Shares of Sirius XM Radio took a hit after releasing earnings on Tuesday. The stock hit my $1.25 target on Monday but I still think there is some room on the upside. Resistance is located at $1.25 going forward.

Ambac Financial Group, Inc. (ABK) - Shares of Ambac Financial Group, Inc. are trading around $1.50 just a day after the stock soared through the high of the day due to the delisting news. Ambac will not get delisted which is positive for the short term. Resistance is now located at $1.63.

Cell Therapeutics, Inc. (CTIC) - Shares of Cell Therapeutics, Inc. are now trading below the 10 day moving average located at $0.62. Right now, I'd be avoiding Cell Therapeutics until it breaks above $0.70.

Advanced Micro Devices Inc. (AMD) - Shares of Advanced Micro Devices Inc are now back around the $8.75 support level. I view this as a buying opportunity, I think $9.25-$9.50 is right around the corner.

Research In Motion Ltd. (RIMM) - I continue to like pullbacks below $70 as a long term buy.

Direxion Daily Financial Bear 3X Shares (FAZ) Daily Finan. Bull 3X Shs(ETF)(FAS) - FAS pulled back below $100 finally which could set up more weakness to come over the next few days. I like FAS below $100 for a trade and for the long term. The next major support level is located at $96.25 which is the 50 day moving average.

Citigroup Inc (NYSE:C) continues to fall with the stock market and is currently trading at $4.24 in pre market. Citigroup Inc will be testing the 50 day moving average today which must hold on a closing basis or we could see a move down to $4.00. Under $4.00 would be a strong buy! On the upside, when the stock breaks up through $4.36 I will be a buyer as well.

Tuesday, during regular trading hours, there were many stocks that continued to break out to the upside. Below is a list of stocks that are worth watching for May 5, 2010. Also, check out some of the biggest stock gainers of the Day. You can also find previous stocks to buy reports - Right Here

Power-One Inc. (PWER) - Shares of Power-One Inc. hit resistance at $9.00 on Monday and are back near $8.00. If we see a plunge below $8 on Wednesday, I will take a small trading long position again.

Keryx Biopharmaceuticals Inc. (KERX) - Shares of Keryx Biopharmaceuticals Inc. are rallying in wake of the Dendreon news. Keryx Biopharmaceuticals Inc. has a colorectal cancer drug which was given fast track status by the FDA. Despite the Nasdaq down 70 points, KERX hit a new 52 week high and was in the green.

Netflix, Inc. (NFLX) - Shares of Netflix, Inc. continue to hold the previous low of $97.80. If Netflix breaks down and closes below $97.80, I think we will finally get another shot to buy this stock between $90-$95.

Caterpillar Inc. (CAT) - Shares of Caterpillar Inc. dropped below $67 on Tuesday. The next major support level is located at $65 which would be a strong buy.

American Intl Group, Inc. (AIG) - Shares of American Intl Group, Inc. continue to trade around $40. I like pullbacks below $37. Short term resistance is located at $40.16.

Sirius XM Radio (SIRI) - Shares of Sirius XM Radio took a hit after releasing earnings on Tuesday. The stock hit my $1.25 target on Monday but I still think there is some room on the upside. Resistance is located at $1.25 going forward.

Ambac Financial Group, Inc. (ABK) - Shares of Ambac Financial Group, Inc. are trading around $1.50 just a day after the stock soared through the high of the day due to the delisting news. Ambac will not get delisted which is positive for the short term. Resistance is now located at $1.63.

Cell Therapeutics, Inc. (CTIC) - Shares of Cell Therapeutics, Inc. are now trading below the 10 day moving average located at $0.62. Right now, I'd be avoiding Cell Therapeutics until it breaks above $0.70.

Advanced Micro Devices Inc. (AMD) - Shares of Advanced Micro Devices Inc are now back around the $8.75 support level. I view this as a buying opportunity, I think $9.25-$9.50 is right around the corner.

Research In Motion Ltd. (RIMM) - I continue to like pullbacks below $70 as a long term buy.

Direxion Daily Financial Bear 3X Shares (FAZ) Daily Finan. Bull 3X Shs(ETF)(FAS) - FAS pulled back below $100 finally which could set up more weakness to come over the next few days. I like FAS below $100 for a trade and for the long term. The next major support level is located at $96.25 which is the 50 day moving average.